Law and economics is an influential field of legal theory in the
United States. Its practitioners use the methodology of economics
for the purpose of analyzing a diverse assortment of legal topics.
This volume contains a selection of recent work in law and
economics. The first part includes representative articles from
different fields of law, including contracts, torts, criminal law,
intellectual property and civil procedure. The second part shows
ways in which law and economics has been changing in the last
decade. It includes articles representing recent work that relaxes
the rational actor model by introducing biases discovered by
cognitive psychology; that tests law and economics with
experimental techniques that are now popular in economics; that
introduces computer modeling to law and economics; and that expands
the domain of law and economics to take account of social norms and
political structures. The articles are accessible to students and
scholars with no prior expertise in economics and minimal
familiarity with American law.
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